This online library will help you think about important financially focused questions that you should be asking.
It will also direct you to financial information that may be relevant to you and your current situation or life experiences.
What is a Life Experience?
We often talk about the big moments in our lives as ‘Life Events’ or ‘Life Stages’.
Life events are important moments in our lives but are not always a once off event, but rather a period in our lives that we are experiencing.
These times in our lives are called ‘Life Experiences’. You can live through more than one experience at a time and each experience could go on for a long time.
Most people may not live through some of the life experiences at all and will experience them at different times of their lives - there is no specific order (except for death).
Starting a family
Whether you are having a baby, adopting a child or dealing with an unplanned pregnancy, you are starting a family. While nothing can quite prepare you for the changes about to happen, one area that you can get a handle on is your finances.
Questions
When you are starting a family, it is important to make sure you can afford all the extra costs. Here are some things to consider.
Important things to think about
Click on the icons to see the types of questions you should be asking yourself...
What additional costs are involved in starting a family e.g. nappies, creche etc.?
Can I afford these extra costs and if not, how am I going to make the extra money that I will need?
Does my employer give me time off for maternity leave and for how long?
Will I earn an income during my maternity leave or must I claim for UIF?
Important things to think about
Click on the icons to see the types of questions you should be asking yourself...
What plans should I make now, in order to ensure that my child will be able to study one day?
Have I considered financial protection for my family, such as life insurance?
Am I going to take out an education policy that can pay for tertiary education?
What extra medical costs do I need to think about for my baby and I?
Important things to think about
Click on the icons to see the types of questions you should be asking yourself...
Do I have a medical aid or a hospital plan that will cover the cost of the birth?
Is my home big enough for another person?
Learning series
The FSCA have put together a learning series just for you. The topics selected will help you through the financial side of your life experience.
Recommended for you
The FSCA have made recommendations of topics that may help answer some of the questions you may have.
Download all the content for these topics in the resource folder.
How to access the resource folder
Click the menu button on the top left. Click on Resources. Download the documents.
Accessing other topics
Remember, these suggested topics are not the only ones available to you. If you would like to explore our other FSCA learning series you can visit our website.
